Real Estate ContractsMeasure of DamagesCourts measure damages for breach of a real estate contract based on the difference between the contract price and the fair market value of the property at theIngber, MatthewSocial Science Electronic Publishing...
IndustryReal estate investment trusts CompanyApple REIT Eight, Inc. SEC Filing ID0001193125-08-107866 SEC Filing Type10-q SEC Exhibit IDex-10 Exclude Amendmentsnot_amendment Languageen Sourcewww.sec.gov Top Level CategorySales Contracts Typecontract Common Contracts 2 similar ⓘ Table of Contents PU...
II. Legal Implications of Seller Incapacitation (1)Breach of Contract? So this sudden event of incapacitation get the property deal hung in the air now. We need to analyze the bearing or impact of the incapacitation on the contract. Will this terminate the deal? Or nullify the contract?
In addition, Seller shall be obligated to pay off any outstanding real estate taxes that were due and payable prior to the Closing (but subject to adjustment in accordance with Section 10.4 below). SELLER’S RESPONSIBILITIES (a) Seller shall act in performance of this Agreement as an ...
SELLER, contracts. One who disposes of a thing in consideration of money; a vendor. 2. This term is more usually applied in the sale of chattels, that of vendor in the sale of estates. 3. The duties of the seller are, 1. To deal with fairness. 2. To deliver the thing sold at ...
the contract between it and the marketing company specified that the marketer could not sell its products illegally. That, alone, it seemed was sufficient to defeat afinding of vicarious liability.(The win was reserved on appeal on a finding that the cruise company perhaps shouldhave known t...
Article 2 of the UCC deals with the sale of goods. All states with the exception of Louisiana have enacted at least some of the model laws in Article 2. Laws on the sale of real estate and the sale of services are different from laws on the sale of goods, and they are excluded from...
A breach, in general, refers to breaking a promise that has been earlier made. In the case of a contract, a party is said to be in breach, if it fails to perform its part on the due date as required by the terms of the contract. A breach co...
If you sign the buyer's counteroffer, there's no turning back, and your real estate agent should advise you of this. If you change your mind after you sign, the buyer can sue you for breach of contract if you try to back out of the deal. This works both ways, however. When the...
Contract of Purchase and Sale:Contract of purchase and sale is a legal agreement between the buyer and seller. It is valid when both the parties have agreed to the product to be exchanged and the amount of money to be exchanged. It should include all...